In this present scenario, everyone wishes to study in the most developed countries for the sake of a bright future. Getting degrees from the top colleges and universities also assists you in making a generous career. Besides studies, the lavishing landscapes, peaceful environment, and high-standard lifestyle lure individuals to visit these countries. One such example of this is Canada, where there a high stakes of students migrating in the past years to pursue undergraduate and graduate courses.  

 

Well, studying in Canada may be expensive for many, so it is crucial to know the expenses so that you can easily manage money concerns during your stay. Many students are confused about what is the best way to learn expenses and how to manage them wisely. Don’t worry! Here we provide you a list of things where you need to spend money along with how to utilize your money resources excellently. 

 

First of all, you must have around 30-40 lac in hand if you are applying for a student visa. If you want additional information about the living cost, course fee, grocery bills, transportation, and electricity bills. Then you should contact the best Canada study visa consultants for your expenses-related queries. 

 

Let’s have a look at the total expenses you need to cover while studying in Canada: 

 

1. Accommodation Cost 

First of all, it is important to look for accommodation because shelter is highly required while studying in Canada. For this, you can find off-campus or on-campus accommodation. However, the cost depends on your province and the number of students sharing the room. 

 

Generally, the accommodation rent starts from 500 CAD per month. However, if you take a private apartment, the cost could be around 1000-1200 CAD per month. Electricity costs, laundry, and wifi are included in the accommodation cost. However, in case laundry is not included, you can move to the nearby laundry stations to wash your clothes. 

 

If you want to purchase your own house in Canada, you need to pay monthly installments. The best part about buying your own house is that you can give a portion of the rent which will help you earn well. 

 

2. Travel Cost 

Not everyone has cars, so students need to travel through buses and trains to move from one place to the others. Traveling is a part of everyday life as students need to move from home to college and work. Hence, they need to manage traveling costs perfectly while studying in Canada. Most commonly, the travel expenses range from 80 CAD to 120 CAD per month. 

 

However, if you purchase a car, you need to pay the installments every month which can vary depending on the car you will purchase. Also, you need to pay maintenance charges, the cost of petrol or diesel. As a result, buying a car in Canada will be an expensive deal for you.  

 

3. Food Expenses 

To handle various tasks while studying in Canada, you need energy. Well, food is the biggest source of energy. If you prepare food at home, you need to spend on groceries. However, if you order food online or eat at restaurants, you need to pay huge bills. Well, the majority of students prefer cooking their meals at home as it is the most affordable and healthiest option. The food expenses for a single person can be somewhere between 200 CAD to 250 CAD. However, if you eat at restaurants, the cost will be higher than this. 

 

4. Medical Insurance 

International students must have to take medical insurance before their study program starts in Canada. The cost of medical insurance needs to be paid while paying the tuition fee. With the help of health or medical insurance, you can get medical care throughout your study program. Mostly, health insurance covers basic medical care and it does not cover services related to dental and eye care. 

 

Well, if you want to know the education cost in Australia then you have to contact the best visa specialists for your doubts. Because only the best Australia study visa consultants can guide you through the entire procedure of study cost for international students. 

 

Wrapping Up

 

To wrap up, although the cost of studying in Canada is high, you can easily manage all the finances by making a budget plan. So, spend your money wisely and save money to pay tuition fees for the next year.